Businesses on the US East Coast have continued to be disrupted by storm Sandy, with total damage estimated at between 10bn and 20bn dollars. Sandy has flooded subway and road tunnels in much of Lower Manhattan.
Stock markets, shuttered for two days by Hurricane Sandy’s punch ashore, plan to reopen Wednesday. The New York Stock Exchange’s parent company, NYSE Euronext, said trading would commence as usual with a 9:30 a.m. opening bell.
The president of the Argentine Jewish Community centre, AMIA, Guillermo Borger said that if Iran insists in rejecting any links with the 1994 attack in which 85 people were killed and 300 injured, the current dialogue between Argentina and Teheran on the issue “is over”.
Argentina’s credit rating was cut one level by Standard & Poor’s, which referred to a US appeals court ruling that prevents the country from honouring its debt without also paying holders of its defaulted bonds.
Chilean voters punished the political system with a whooping 60% abstention, and President Sebastián Piñera’s conservative bloc, in municipal elections Sunday, which could be paving the way for the comeback of the left-wing coalition in next year’s presidential ballot.
Argentine President Cristina Fernández was forced to cancel Tuesday’s agenda for 24 hours after doctors diagnosed her with low blood pressure. The president remained at the Olivos residence where, nevertheless she dispatched some daily business with a few ministers.
Fitch Ratings has placed Argentina's Long-term foreign currency Issuer Default Rating (IDR) of 'B', Short-term IDR of 'B' and the international bonds issued under New York Law on Rating Watch Negative (RWN).
Iran’s government rejected once more the involvement of any Iranian citizen in the 1994 AMIA Jewish Centre terrorist bombing, but indicated to be ready to help into identifying those who could have committed the attack.
Iran is likely to import over 100.000 tons of soy-oil from Argentina in October-December 2012 as Iran's purchasing of soy beans, soy-oil and soy-meal is recovering from the impact of sanctions, Hamburg-based oilseeds analysts Oil World said on Tuesday.
Thousands of New York Metropolitan Transportation Authority workers began on Tuesday to fan out through the system to inspect and begin repair of the damage caused by Hurricane Sandy, a massively destructive storm of historic proportions.